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Tribunal Missteps in Forcing Resolution Professional to Return Management Control During Insolvency Process Stay.

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....Power of NCLT where CIRP stayed - Validity of Direction to the Resolution Professional to immediately handover the management of the Corporate Debtor to the CEO/Management of the Corporate Debtor - It is for the RP to take decision in its wisdom as to how the Corporate Debtor should be allowed to continue as a going concern without taking any steps in the CIRP - The Adjudicating Authority committed error in passing the order - AT....

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